Bloomberg Analyst Warns Bitcoin Market Bottom Yet to Be Found
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Market Bottom Warning: Bloomberg's senior macro strategist Mike McGlone indicates that Bitcoin's current price is approximately 13% below its 50-week moving average, suggesting that the market bottom has not yet formed and may face further declines.
- Historical Pattern Analysis: According to McGlone's research, genuine market bottoms in Bitcoin's history typically occur when prices fall about 55% below the 50-week moving average, providing a crucial risk reference for the current market.
- Market Volatility Impact: Should Bitcoin's price continue to decline, it could exert pressure on mining economics while also leading to broader volatility in the digital asset market, potentially affecting institutional adoption timelines.
- Importance of Risk Management: McGlone's analysis underscores the significance of historical data, reminding investors to focus on risk management and historical awareness in the complex cryptocurrency market rather than short-term sentiment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
